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GAZPROM, SLOVENIA SIGN DEAL TO STRETCH SOUTH STREAM PIPELINE
November 13, 2012 - 14:19 AMT
PanARMENIAN.Net - Russian energy giant Gazprom and Slovenia have
signed a final deal to build the Slovenian stretch of the South
Stream gas pipeline, Gazprom said in a statement on Tuesday, Nov 13,
according to RIA Novosti.
The deal was signed by Gazprom CEO Alexei Miller and Slovenia's
Plinovodi d.o.o. General Director Marjan Eberlinc in the presence of
Russian Prime Minister Dmitry Medvedev.
Gazprom has previously signed similar deals with Hungary and Serbia.
The South Stream pipeline will transport up to 63 billion cubic meters
of natural gas to central and southern Europe along the Black Sea
seabed, diversifying Russian gas routes away from transit countries
such as Ukraine.
Following Russian President Vladimir Putin's instruction, Gazprom
has accelerated the South Stream pipeline's construction schedule,
with work now to begin before the end of 2012.
The pipeline's commercial deliveries of natural gas to Europe are
expected to start in the first quarter of 2016 and the project is
set to reach its designed capacity of 63 billion cu m in 2018. The
project's cost, including the pipeline's overland sections, is
estimated at $16 billion.
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November 13, 2012 - 14:19 AMT
PanARMENIAN.Net - Russian energy giant Gazprom and Slovenia have
signed a final deal to build the Slovenian stretch of the South
Stream gas pipeline, Gazprom said in a statement on Tuesday, Nov 13,
according to RIA Novosti.
The deal was signed by Gazprom CEO Alexei Miller and Slovenia's
Plinovodi d.o.o. General Director Marjan Eberlinc in the presence of
Russian Prime Minister Dmitry Medvedev.
Gazprom has previously signed similar deals with Hungary and Serbia.
The South Stream pipeline will transport up to 63 billion cubic meters
of natural gas to central and southern Europe along the Black Sea
seabed, diversifying Russian gas routes away from transit countries
such as Ukraine.
Following Russian President Vladimir Putin's instruction, Gazprom
has accelerated the South Stream pipeline's construction schedule,
with work now to begin before the end of 2012.
The pipeline's commercial deliveries of natural gas to Europe are
expected to start in the first quarter of 2016 and the project is
set to reach its designed capacity of 63 billion cu m in 2018. The
project's cost, including the pipeline's overland sections, is
estimated at $16 billion.
0